L
Seller's Agent in 2020
Levi Kane
Greystone Realty
(773) 558-3112
2 in this area
13 Total Sales
2131 N Lorel Ave Chicago, IL 60639
Cragin Neighborhood
8
Beds
4
Baths
--
Sq Ft
3,049
Sq Ft Lot
About This Home
As of October 2020This BEAUTIFULLY maintained and recently updated building is the self sufficient investment that you've been looking for! Tear off roof in 2012, updated units done in 2015, and tuck-pointing done in 2018. Copper plumbing, new electrical wiring, 4 legal units, 4 separate gas meters and 4 separate electric meters, 4 separate utility rooms and coin operated laundry makes this thing a truly self sufficient CASH COW. Currently owned by a GC, the owner has been able to easily maintain the building with top quality craftsmanship. Fully rented at market value this could easily yield a 12%+ CAP RATE. Currently 2 units vacant and 2 units occupied: 1 unit is on a lease until the end of August, the other is on a lease until the end of next May (both are paying WAY below market value). Easily rentable to long term tenants being steps away from public transportation, elementary, middle and high schools. FHA/Conventional/Cash, bring your best offer - this is a TURN-KEY investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,496
Year Built
- Built in 1912 | Remodeled in 2015
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 25x125
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- 4 Parking Spaces
- Uncovered Parking
Outdoor Features
- Enclosed Patio or Porch
Utilities
- Forced Air Heating System
- Lake Michigan Water
Community Details
- 4 Units
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2020
Closed on
Oct 30, 2020
Sold by
Bought by
Seller's Agent
Levi Kane
Greystone Realty
Buyer's Agent
Nick Libert
EXIT Strategy Realty
List Price
$440,000
Sold Price
$430,000
Premium/Discount to List
-$10,000
-2.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,500
Interest Rate
0.0225%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 12, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
0.0687%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 6, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
0.061%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 28, 2002
Sold by
Bought by
Purchase Details
Closed on
Aug 20, 1999
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $430,000 | First American Title | ||
| $312,500 | Multiple | ||
| $245,000 | Heritage Title Company | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $408,500 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $183,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $430,000 | -2.3% | -- |
| 07/25/2020 07/25/20 | Pending | -- | -- | -- |
| 06/28/2020 06/28/20 | For Sale | $440,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,333 | $47,001 | $5,828 | $41,173 |
| 2024 | $6,333 | $47,001 | $5,828 | $41,173 |
| 2023 | $6,174 | $30,000 | $4,725 | $25,275 |
| 2022 | $6,174 | $30,000 | $4,725 | $25,275 |
| 2021 | $6,036 | $30,000 | $4,725 | $25,275 |
| 2020 | $5,330 | $23,912 | $3,937 | $19,975 |
| 2019 | $5,590 | $27,805 | $3,937 | $23,868 |
| 2018 | $5,496 | $27,805 | $3,937 | $23,868 |
| 2017 | $7,056 | $32,760 | $3,465 | $29,295 |
| 2016 | $6,565 | $32,760 | $3,465 | $29,295 |
| 2015 | $6,007 | $32,760 | $3,465 | $29,295 |
| 2014 | $5,897 | $31,761 | $3,150 | $28,611 |
| 2013 | $5,302 | $31,761 | $3,150 | $28,611 |
Source: Public Records
Agents Affiliated with this Home
-
Levi Kane
-
Nick Libert
Buyer's Agent in 2020
Nick Libert
EXIT Strategy Realty
(312) 493-0920
122 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10762951
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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